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Econ-121 Maths for Economics-1
Campus NBS
Programs PG
Session Fall Semester 2016
Course Title Maths for Economics-1
Course Code Econ-121
Credit Hours 3.0
Course Objectives The goal of this course is to give an introduction to some branches of mathematics which are extensively used in the modern economics theory, particularly in macro and microeconomics.
Detail Content
  • Preliminaries
    • Concepts of Sets
    • Functions and Relations
  • Equilibrium Analysis
    • Solving Simultaneous Equations
    • Partial Market Equilibrium
    • General Market Equilibrium
  • Matrix Algebra
    • Matrix and Vector Operations
    • Determinants and Properties of Determinants
    • Application to Market Models
  • Calculus and Comparative Static Analysis
    • Foundations
    • The Concept of Limit
    • Computing Derivatives
    • Continuity and Differentiability of a Function
    • The Slope of a Curve
    • Partial Differentiation
    • Applications to Comparative Static Analysis
    • Chain Rule
    • Second and Higher order Derivatives
    • Total Differential and Rules of Differentials
    • Derivatives of Implicit Functions
  • Optimization
    • Relative Maxima and Minima
    • Constrained Optimization
Text/Ref Books
  • Edward T. Dowling, Schaum's Outline Introduction to Mathematical Economics
  • Thomas and Finny, Calculus and Analytic Geometry
  • Carl P. Simon, Lawrence E. Blume, Mathematics for Economists
Time Schedule Fall Semester, 2011
Faculty/Resource Person Tanweer ul Islam Lecturer .
MPhil Econometrics